The Palatka daily news. (Palatka, Fla.) 1884-1888, 1887-05-11

President of the Board of Trustees of
the Internal Improvement Fund of
said State, of the first part and Hamil
ton DisstOn. of Philadelphia, Pensyl
vania- of the second part:
'-Witnesseth:-
THE party of the first part hereby
agrees with the party of the second part,
his heirs and assigns, in consideration of
the payment of the sums of money here
matter stated, by the party of the second
part, to sell and convey. by good and
sufficient deeds, conveyances and assur
ances to said party of the second part
and his associates, or to such person, or
persons as he may direct and appoint,
an absolute, indefeasable estate in fee
simple, to four millions acres of land in
the said State of Florida, to be selected
as hereinafter provided by the party of
the second part, or by such person or
persons as he may appoint; the title con-
veyed to be free and clear of all charges,
liens, trusts, condolences, or incum-
ORANGES whatsoever.
The party of the second part, in con-
sideration of such conveyance, hereby
agrees with the party of the first part to
pay therefor the sum of one million dol
lars, as follows, tO-wit: Two hundred
Thousand dollars being the first payment,
to be deposited with VIM. q. Huey & Co.,
bankers, of Philadelphia, Pennsylvania, to
| the credit of Henry AL Engle, Treasurer
of said Board of Trustees. and certifi-
cate of deposit therefor to be delivered
to said VIM. ID. BIOxham, Governor of
said State of Florida, upon the execu-
ton of this agreement; and the Board
of Trustees are To execute, at the earliest
| day possible, a good and sufficient CON
tract with the said second party, in ac-
cor,lance with this agreement.
Three hundred thousand dollars be
ing the second payment, To he paid with
in ninety days from this date.
:. Two hundred and fifty thousand
dollars being the third payment, to be-
made within sixty days after the second
payment, and two hundred and fifty
| thousand dollars being the fourth and
last payment, to be made within sixty
days after the third payment. All pay
ments to he made ON or before the first
day of January. eighteen hundred and
eighty-three.
AS soon as the party of the second
part deposits the two hundred Thousand
dollars, being the first payment, the land
agreed To lie sold to-wit: Four mil
lion acres. can he selected by him,
or any party or parties he may
designate, and as fast as selected, with
drawn from market, or the Board can
sell the same at its usual selling prices.
and the money received therefor shall
be credited to the party of the second
part, ON account of the moneys To be
paid by him under this agreement.
The party of the second part shall So
lect the land as follows: Three million
five hundred thousand acres i'm bodies of
ten thousand acres. Five hundred thou
sand acres in smaller lots il agreed upon
between the Board and said second
party.
IF the said second party or his agents
fail to select the entire amount of four
million acres ON or before the first day of
January, eighteen hundred and eighty
two, the Board will issue and deliver to
him (all payments being made) for any
part of said lands not entered, a certifi-
! cate for the same, known as floats
The title to- said lands to be- made as
aforesaid by the Board. to the party of
the second part, as follows: When the
| first payment is made. title shall he made
for two hundred and fifty thousand
acres: when the second payment is made
| title shall he made for three hundred and
/ seventy thousand acres additional; when
the third payment is made title shall be
made for two hundred and fifty thous-
| and acres additional and when the
last payment is made title shall be made
| for the balance of said four million acres,
| provided the same has been selected.
If the party of the second part make
default in the payment of the moneys by
him herein agreed To be paid, as herein
before provided, the moneys paid by
/ him previous to- such default shall he re-
/ tEined by the Board, and said Board
| shall thereupOn forthwith convey to said
party of the second part an absolute es-
tate in fee simple, clear of all incum-
/ brances, liens, trusts. or condolences in
"A sufficient number of acres of land at
the lowest cash prices at which the
| Board sells said lands. to equal the
amount of money paid by the party of
the second part before such default.
The first payment of two hundred
thousand dollars shall be made in lawful
money of the United States. and for any
other payment. any legal obligation or
indebtedness of the Trustees of the In
ternal Improvement Fund, of the State
of Florida. will be accepted as cash at
the par value thereof.
In witness whereof the said parties
hereto have hereunto set their hands
this eighteenth day of May. in the year
of our Lord. eighteen hundred and
eighty-one. W. ID. BLOXHAM,
HAMILTON DIsSTON.
Signed in presence of H. Il. Ring.
| .-4d,ieIdJtBl-.Bo Bodies of ten Thousand
acres shall he considered as meaning
any bodies of land that adjoin eacl
other. as for instance the even-numbereG
section of a township. Ten thousand
acre tracts may be made up of smaller
parcels of land which have been divided
by sales or otherwise.
W. ID. BLoXHAM.
HAMILTON DISSToN.
Signed in presence of III. Il. Ring.
The Democratic Heart with Cleveland
Lincoln tNeb.J Democrat.
/ The agony as To whether Clevelan,